Elections 2016

January 24, 2012 8:50 AM

Romney's tax data illustrates debate over fair rates

Mitt Romney reported owing $6.2 million in federal taxes on $42.5 million in income over the last two years, according to documents the Republican presidential contender's campaign released Tuesday that play into the emerging debate over fairness in the tax code. There were no major surprises in more than 500 pages of documents released under pressure after Romney’s defeat in Saturday’s South Carolina primary, where his lack of clarity about his taxes bothered voters.

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